Franklin Green Market Report - Sales Statistics Summer 2012

Franklin Green Market Report - Sales Statistics Summer 2012

Homes are really selling in many areas of Franklin, TN. Modestly priced homes are in great demand in much of Williamson County. Franklin Green is right up there on the list of desireable Franklin neighborhoods. Inventory of modest priced homes is currently down in Franklin. We currently have more of a neutral market if not a Sellers market in lower price ranges around $200,000. That's right, the market has shifted and it's not currently a buyers market in some price ranges. As prices rise, the months of inventory also go up and result in a neutral market around $300,000. It is truly a buyers market in the higher price ranges as there are fewer buyers who can afford to buy as the price goes up. Here are sales statistics for Franklin Green Subdivision for the first half of 2012.

19 Franklin Green Homes sold between January through June 2012.

The average sale price was $214,546.

11 single family homes are currently active on the market according to the Nashville area MLS.

Active 11 Properties Found

Square Feet

Bedrooms

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

1,247

3

2

0

$199,900

$0

7

AVG

2,207

3.82

2.18

0.82

$258,559

$0

31

MEDIAN

2,056

4

2

1

$249,900

$0

18

MAX

3,403

5

3

1

$339,000

$0

99

Closed 19 Properties Found

Square Feet

Bedrooms

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

1,247

3

2

0

$190,000

$187,000

0

AVG

1,819

3.16

2

0.53

$218,651

$214,546

79

MEDIAN

1,819

3

2

1

$224,000

$217,000

61

MAX

2,315

4

2

1

$245,000

$242,000

286

Pending 3 Properties Found

Square Feet

Bedrooms

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

1,967

3

2

0

$220,000

$0

19

AVG

2,485

4

2.33

0.67

$259,633

$0

30

MEDIAN

2,390

4

2

1

$229,900

$0

26

MAX

3,100

5

3

1

$329,000

$0

47

Franklin Green Subdivision is located on the west side of Franklin approximately two miles from the historic downtown square. The community includes over 55% undeveloped common areas including open, grassy fields and walking trails in the wooded sections. Other community amenities include a large pool, a wading pool and a playground.

Many Franklin Green home sites back up to wooded common area. Franklin Green streetscape includes underground utilities, street trees, sidewalks and a mix of architectural styles. Home sizes range from approximately 1,250 to 3,100 heated square feet. The homes were built between 1997 and 2004. Franklin Green is located close to Jim Warren Park which includes baseball fields, football fields, tennis courts, pavilions and the new 16,000 square foot skate park. This neighborhood is zoned to Williamson County schools - Pearre Creek Elementary, Hillsboro Middle and Independence High.

Remember real estate is local and ever changing so call me, a local expert, to assist you with your real estate buying or selling needs. Please contact Tiffany White at 615-260-5858 or TiffanyWhite@kw.com.

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